Ripple (XRP-USD) just scored a major win in the UAE. The blockchain payment giant announced on March 13 that it has officially secured full regulatory approval from the Dubai Financial Services Authority (DFSA), giving it the go-ahead to operate in the Dubai International Financial Center (DIFC). This isn’t just another license—Ripple is now the first blockchain-powered payment provider in the DIFC, marking a huge milestone for crypto adoption in the region.
Ripple Brings Blockchain Payments to UAE Businesses
With this approval, Ripple can now roll out its blockchain-based payment solutions to businesses across the UAE. Demand for seamless cross-border transactions is growing, not just among crypto firms but also within traditional financial institutions. Ripple CEO Brad Garlinghouse called the UAE “well-placed” for crypto growth, citing strong regulatory clarity and increasing institutional adoption, according to Cointelegraph.
Ripple Prepares for Stablecoin Regulations
Regulatory clarity is key, and Ripple is keeping a close eye on upcoming Central Bank of the UAE (CBUAE) stablecoin rules. A company spokesperson told Cointelegraph that Ripple is actively working with the CBUAE to ensure compliance and guarantee the availability of its RLUSD stablecoin in the UAE.
Dubai’s Financial Hub Backs Blockchain Payments
This move isn’t going unnoticed. According to DIFC CEO Arif Amiri, Ripple’s new license cements its position as a leader in blockchain payments. “We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license,” Amiri stated.
With this approval, Ripple is now in prime position to tap into financial opportunities across the UAE and the broader MENA region. This could help drive increased confidence in XRP, as regulatory clarity often plays a key role in price stability and adoption. If demand for Ripple’s blockchain solutions grows, XRP could see stronger institutional interest, potentially influencing its price. At the time of writing, XRP is sitting at $2.2706.
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